Motor vehicle trade in Bavaria: Financial expert calls for incentives for economic growth

Motor vehicle trade in Bavaria: Financial expert calls for incentives for economic growth

According to a report by kfz-betrieb.vogel.de The Bavarian motor vehicle industry has criticized the fact that the federal government's economic policy is increasingly burdensome for motor vehicle companies. Due to the lack of openness to technology on the market, customers are staying away because there are hardly any affordable electric cars available. Albert Vetterl, President of the Bavarian Motor Vehicle Industry, is therefore calling on politicians to create incentives for economic growth and to commit to openness to technology.

This development may have an impact on the market and the financial industry. Motor vehicle companies could experience a loss in sales because customers are reluctant due to the lack of affordable electric cars. This could also affect the workshop business, as the reluctance to buy new cars cannot be offset by the used car business. Financing electric vehicles could become more attractive as demand for these vehicles could increase. At the same time, manufacturers of cheap combustion vehicles could lose demand, while manufacturers of inexpensive entry-level electric models could benefit.

In order to calculate the effects more precisely, data on vehicle company sales and sales of electric vehicles must be analyzed. It might also be interesting to follow the evolution of financing for electric vehicles compared to combustion vehicles. Through an open technology policy and the creation of incentives for economic growth, motor vehicle companies could potentially be strengthened and market development could be positively influenced.

Source: kfz-betrieb.vogel.de